UK power firms hit as regulator proposes carbon windfall tax
17 January: Share prices of carbon-exposed UK power generators slipped yesterday, following proposals from the market regulator to claw back windfall profits from the EU Emissions Trading Scheme. More…
World Bank in donor talks on multi-billion climate fund (from Carbon Finance)
17 January: The World Bank is mulling a large-scale “transformation fund” to mobilise financing to help mitigate climate change in developing countries. More…
US wind generating capacity leaps 45% in 2007
17 January: The US wind energy sector installed 5,244MW of new capacity last year – investing $9 billion, and accounting for a third of all new power-producing capacity in the country in 2007. More…
RBS pressured over ABN’s Sakhalin loan
17 January: The Royal Bank of Scotland has been urged to withdraw a loan that was used to finance Gazprom’s purchase of a majority share in the controversial Sakhalin II oil and gas project. More…
Investors raise questions over climate change adaptation risks
17 January: Four institutional investors have launched a study into the physical consequences of climate change on companies and their investors. More…
EU ambassador hits out at US subsidy for biodiesel exports (from Bioenergy Business)
17 January: The European Commission’s ambassador to the US has launched a rare public attack on the country, for its failure to stop exports of subsidised biodiesel which are claimed to be killing off biodiesel producers in the EU. More…
Investors to quiz Chinese companies over climate risk
17 January: The 100 largest companies in China are to be asked by an investor coalition to disclose how climate change is likely to impact their businesses. More…